The Reserve Bank introduces Internal Ombudsman mechanism for select Non-Banking Financial Companies (NBFCs)
The Reserve Bank of India has announced to introduce the Internal Ombudsman mechanism for following two types of Non-Banking Financial Companies (NBFCs): Deposit-taking NBFCs (NBFCs-D) with 10 or more branches and Non-deposit taking NBFCs with assets size of ₹5,000 crore must appoint an Internal Ombudsman (IO). Consequently, these two categories of NBFCs will have to appoint Internal Ombudsman (IO). The internal Ombudsman will […]





